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20121205
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
today poorly timed for another reason. chrysler's management forced to bow to the united autoworkers union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. chrysler's spokesman said the company was forced to respect a union arbitrator's decision. and while the president was in michigan, reports that a chinese auto parts company has purchased bankrupt a123 systems, a battery maker that received more than half of a $250 million taxpayer-funded obama stimulus grant. a123 systems was once heralded by energy secretary steven chu as a success story for american manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almost $4 t
atheists, chrysler workers caught on camera drinking and smoking pot get their jobs back. we'll talk to the reporter who broke the story two years ago. how many gun stores are there in america? how many grocery stores are there? the comparative numbers my surprise you. we've got a lot of opinions coming in to us on "varney & company" and we want to keep it flowing. varney@foxbusiness.com is how you reach us. i've got seven early movers for you, high profits, but less money coming in in the packaging company, greece it's called. what's with the stock? it's up about 4%. the rare earth mining company molycorp ousted its chief executive officer. it's down a little. profits disappointing seismic equipment maker geospace, down and dupont buying back a billion dollars worth of its stock and it's up just a little. health insurer aetna expects higher profits next year, it's up. and microsoft has wrapped up production of its new surface tablet and it, too, moving higher in the early going, i own some microsoft stock. netflix says it needs many more subscribers to be profitable. nonetheless it'
of chrysler union workers, well, somehow they got their job back. we'll tell you how. martha: plus a growing number of republicans saying they are willing to give in on taxes. is it a gamble that is worth it though? we'll ask senator lindsey graham what he thinks. >> let's face it. he does have the upper hand on taxes. you have to pass something to keep that from coming. -- happening obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. bill: the eccentric software millionaire john mcafee speaking out from a guatemala detention center asking to return back to the after being detained for the shooting death of a man in belize. steve harrigan live in miami on these allegatio
and they went to bat at chrysler. do you remember when we told you about the chrysler workers who were smoking pot and drinking deer, that is lunch hour. that is a break out in the -- that does look like pot. the company chrysler has had to hire them back. they released a statement while the company doesn't agree with the ultimate decision of the arbitrator, we respect the grievance procedure process and the relationship with the uaw. folks, how would you like to buy the car that built by those guys in the afternoon? >> gretchen: it is interesting, i wonder how important it was it was off duty conduct. there must be rules written in as long as they were not doing it technically on duty and were on lunch duty. i am not a lawyer. but i bet that was part of the arbitrator deciding in their favor, but it goes to show why all . people are showing up in michigan today because if you are part of the union. they are great, they are great at keeping your jobs for you. they are. >> eric: any other job on the planet. if you were caught in the parking lot drinking one of the bottles was beer and smoking p
to the mayor of lansing, virg bernaro next hour. and remember the chrysler workers smoking and drinking during the lunch break? two suspended and they got their jobs back. that was an arbitrator's ruling. under the union contract they were on their own time. chrysler says it disagrees with the decision, can't change it, that's the example of the union's power. and tell us what you think about the workers getting their jobs back. and we'll read some on the air. more fantasy island in california, coming up after the break, why california's green energy policies just don't work and we're also going to bring you the opening bell and we've got more companies issuing special dividends before the end of the year. including the one that runs victoria's secrets. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that hes block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. ...so as you can see, geico's customer satisfaction is at 97
read his books. why he thinks there is too many holes even for fiction. >> remember those chrysler workers caught drinking and going ba to work and make cars, yours cars, our cars? they just got their jobs back. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. [ female announcer ] cook, meet compliments. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for tre
, a 2006 chrysler 300 donated by the recycle rides program. >> i drove home and then i will drive back to san diego sunday. >> he was actually looking for a car and was chose% a data base on needs. >> we chose to help military veterans. >> no one is more deserving of this donated toyota carolla than jordan stevenson. >> i was injured last december. i got shot in the left side of my head. >> jordan was shot in afghanistan. >> they told me i would never walk again, i might not ever talk again and i can stand here and talk to you now. >> he is still working bark from his head injury which paralyzed his body. >> just reenlisted. >> for another six years >> never in a million years did think that would happen. >> i'll get better. i'm going beat it. i'm not going to let them win. >> these are just the first of two cars that this body shop has refurbished. they hope to do it at least once a month. reporting from san francisco, cbs 5. >>> a rare sighting in a berkeley creek has biologist really excited. this 24-inch chinook salmon has been spotted in a creek along the berkeley albany border. f
of collapse. gm, chrysler were all on the brink of failure and if they failed, the suppliers and distributors getting the business from those countries, they would have died off, too. even ford could have gone down. production halted. factories shuttered. once proud companies shopped up, sold off for scraps. and all of you, the men and women who built these companies with your own hands, would have been hung out to dry. and everybody in this community that depends on you, restaurant owners, storekeepers, bartenders. they -- their livelihoods would have been at stake, too. so i wasn't about to let that happen. i placed my bet on american workers. we bet on american ingenuity. i'd make that same bet any day of the week. three and a half years later that bet is paying off. this industry's added over 250,000 new jobs. american auto industry is back. and companies like diamler know you're still a smart bet. they could have made their investments somewhere else but they didn't. and if you ask them whether it was a tough call, they tell you it wasn't even close. so the word's going out all around th
't get fired in the south? >> eric: chrysler said we don't like to decision. we would have fired them but they can't. >> kimberly: they have protection. bostonright to work means whoever is not a union member gets the sweat they put in to it to get the good jobs. they're scabs because they don't put in the union political fund. >> dana: 24 states have lower unemployment rate and other states are not right to work, while shouldn't michigan, at least they have a democratic process. it's passed. the governor has been thoughtful about it. people, majority of people support it. why not let them try something that would alter history? >> kimberly: why not? >> bob: why not bad handguns in countries that don't have murder. here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >
examples. but then the topics on the union, chrysler wanted to fire workers who were spot smoking spot and getting drunk. they were off the clock and came back to work on the assembly line. the arbitration guy said you have to hire them back. fair or unfair? >> i'm trying to get over this. if i got scarred for every time somebody called me fat i'd be nothing but scar tissue. it doesn't bother me. >> kimberly: you like it because i said i like meaty men. >> bob: what is the big deal? he said fat. >> dana: didn't say it to their face. it was on the receipt. >> bob: if you fired everybody out smoking on the lunch break after the country would be out of work. >> eric: may i weigh in? >> dana: yes. >> eric: this is the problem with america we're worried about firing people. business owners if you want fire them because they called someone fat, fire them. guess what? he is not going to get employed until he turns his ways around. fire away. fire that guyer radio d.j. good luck getting more radio d.j.s. turned around and the unions tell you, you can't fire someone for doing something wrong th
ad that said the same thing, and they continued to repeat it even after chrysler and the fact checkers had said it was simply not true. jeep was actually expanding its production in the u.s. the reason it was thinking of building, that it's planning to build a plant in china is to meet the increased demand for jeeps in china, so it was just blatantly false and yet they persisted with it. >> you know what's interesting, too, remember when the chrysler ceo, sergio marchione had to put out a statement basically saying, liar, liar, pants on fire, this is not going to happen. that's never, or more nicely i'm obliged to unambiguously restate our position. jeep production will not be moved from the united states to china. it is inaccurate to suggest anything different. there were strategists who were stunned that this ad, that this was being said, because they thought it was kind of signaled a desperate move. what was the runner-up, what was the next runner-up that could have been picked as the biggest lie? >> well we had ten finalists and i should note that we had a reader's poll wh
, thousand, the cooper union has maintained $600 million endowment. it owns the land beneath the chrysler building, but the school says it's operating at a loss and the shortfall has to come from somewhere, including from the students. never mind what the school's founder and namesake said about a free education for any student. if you know anything about students, you know the evolving school tuition policy has not been accepted by the student body. they did not shrug and say, oh, well, before stopping in for a student loan application. instead right now they're staging a sit-in. they barricaded themselves inside an eighth floor rook in the clock tower where lincoln spoke on that legendary night. they've been there since monday setting up camp. we're here, we're staying, we forgot coffee. they demanded the school, quote, publicly affirm its commitment to free education. this morning another group of students invited themselves to the meeting of the board of trustees so they could take minutes arguing they needed transparency and student involvement. students are fighting against rising t
to bail out detroit, especially after we bailed out gm and chrysler already. >> larry, i say let it fail. i'm sorry. you have. to i want those people to have local control. they fought for that local control. they should have a vote. the citizens of the city of detroit should have a vote. but it should fail when it goes wrong. that's what has to happen. the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work state. that's going to have a big impact down the road. >> i like that. i like the failure idea. free market capitalism is about success and failure. and as the great free market capitalist nobel prize winner wrote, of the two, doc, sometimes failure teaches us more than success. i like your point very, very much. all right. doc thompson coming out of detroit, thanks very much. >>> now let's talk about the cuts plan for the federal workforce. with the countdown to the fiscal cliff at 24 days, the "washington post" reporting today that federal agencies are sharpening their plans before spending cuts, layoffs, fur lows a
and chrysler and this changes a lot for the people in michigan. >> gretchen: this is a huge epic fight. the idea that michigan is a right to work state. indiana did it 10 months ago as you know. but there is a gop house and i believe the senate is controllled stunningly by republicans and look at this revolt now. this is similar to what we saw in wisconsin . what will happen with the right to work statute. it will eexempt firefighters and police officers and end mandatory dues for public and private unions. >> brian: people have choices to check the box. we'll listen to governor rick snyder of michigan. >> in the unions are strong in michigan and they did a lot of good in terms of work issues . people wanted to join the union. but today we give the workers a choice and give them an opportunity to say do we want to belong to the union. i don't see it antiunion. workers should want to join and be part. it is a worker choice . the second thing it is economic development. we watched what went on in indiana. they have seen a significant increase talking about thousands of jobs to their stat
of having the lie of the year! that would be president obama sold chrysler to italy which would then move u.s. jeep production to china. chrysler denied the claim. the media said it was untrue. the public was outraged. the romney campaign spread it anyway. we're back after the alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm a
are world competition, we ran into bankruptcy. chrysler now twice . we see it in the southern states where the plants are. they were not the ones that went bankrupt in 2008 and 9. it really is a tough choice and i sympathize with the unions. but in the global economy where you compete on wages and other units of production . you can either have high wages with low employment or as obama said spread around the wealth. >> gretchen: michigan is the heart of the labor industry in this nation specifically whether so many cars are made and the unions are powerful there. it is emblematic and we look back on history. this move to make michigan a right to work state will be historic for that reason alone . what needs to be so clear in the discussion, it is really about choice. it is not about tamping down people's rights. it is actually moving them up and saying you now have a choice. you can pay your dues to the union, or you can choose not to pay the dues. >> steve: what happened in michigan is a great thing. because any time the government insists that you have to pay to go in and get a paycheck
know gm is still in trouble financially. chrysler isn't even an american company anymore, it's owned by the italians. it has been a colossal disaster, and it's going to continue to be. the unions with their work rules and exceptions and restrictions on workers -- not so much the paycheck. most of the three big japanese makers in the south that are not dominated by unions do not have those work rules, but they pay about the same dollars per hour in many wages. so the wages can be paid, it's the crazy union work rules and defending people who drink on on the job, for example, that cause problems that are running american business out of the country. alisyn: all right. lars larson, leslie marshall, kudos for being able to debate over the cacophony coming out of lansing. >> hey, we didn't have any beeps. >> kick those union thugs out. alisyn: thank you so much. >>> meanwhile, a popular u.s. retailer now under fire for including a series of profanity-laced items in its annual christmas catalog. why they did it. >>> plus, a 6-year-old girl near death from leukemia making a miraculous recov
and what they mean in the next hour. meanwhile, president obama will visit a chrysler plant just outside detroit today. remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals thr
you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new information? did we know this before? >> well, no, we've told the regulators about this we spent millions of dollars in research to try to understand that dynamic. in fact let me reiterate. in the oil and gas business we support biofuels. we're major investors and producers of biofuels but we don't think you should force more biofuels to be mixed with regular gasoline until you know its impact. other research shows it puts five million american cars that are already on the street at risk where it could have some engine damage. we think you need to look at all these other issues that are now starting to come to the surface, but regulators, the administration just moved forward mandating the fuel. melissa: what does it mean to have aaa coming in and putting out a warning, saying don't use it, and puttin
motor co. ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a
Search Results 0 to 26 of about 27 (some duplicates have been removed)